April 18, 2011

Nifty Daily Analysis

  • Daily chart is shown with a possible support and resistance line.
  • Fibonacci chart of weekly time frame shows price not able to close outside 50% and 61.8%. So closing outside this range can give good direction.
  • 3rd chart shows weekly trend line resisting nifty. But stochastic has not reached over bought levels So a sell is not yet confirmed.
  • CNX - IT CHART ANALYSIS
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3 comments:

  1. PrabakarApril 18, 2011 at 8:26 AM

    Good Morning San.

    Thanks for the Wonderful readings and Sharing of trendlines.

    ReplyDelete
  2. SanApril 18, 2011 at 9:39 AM

    Thanx prabakar

    ReplyDelete
  3. Parminder April 21, 2011 at 7:18 AM

    Good morning San,

    Nice to see ur blog daily .
    it would be good if u could mention the levels of nifty also with charts
    Thanks
    Regards

    ReplyDelete

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